The Week Ahead: Georgia, Türkiye and Kazakhstan set rates as Saudi IPO consultation ends

Three central banks in the footprint set rates this week, Kazakhstan's capital market opens with two primary sessions, and two Saudi consultations on market rules close. Each item links to the document behind it.

• Monday 19 October, Kazakhstan. KazAgroFinance offers KZT 26.5 billion of three-year bonds by subscription on KASE, with the coupon set by the first trades, according to the exchange notice.
• Tuesday 20 October, Kazakhstan. The Ministry of Finance reopens two bond lines on KASE, up to KZT 50 billion each, for settlement on 22 October, KASE said.
• Wednesday 21 October, Georgia. The National Bank of Georgia's monetary policy committee meets. It held the rate at 8.25 per cent on 9 September with August inflation at 5.6 per cent and core inflation at 3.6 per cent, citing energy prices and tension in the Middle East, and named 21 October as its next meeting in the same statement.
• Thursday 22 October, Türkiye. The central bank's monetary policy committee decides, according to its published calendar. The one-week repo rate has been 37 per cent since the committee held it on 10 September, with the overnight lending rate at 40 per cent and the borrowing rate at 35.5 per cent.
• Thursday 22 October, Saudi Arabia. Comments close on the Capital Market Authority's draft provisions to enhance IPO practices, a 30-day consultation opened on 22 September. The draft would tie book-building orders to investors' liquidity and ability to pay and widen the underwriter's responsibility.
• Friday 23 October, Kazakhstan. The National Bank announces its base rate, its decision schedule shows. It cut the rate by 50 basis points to 16.25 per cent, with a corridor of 15.25 per cent to 17.25 per cent, on 4 September, as annual inflation fell to single digits.
• Saturday 24 October, Saudi Arabia. Comments close on draft restrictions on algorithmic trading, which the authority says are due to take effect on 1 November.

Next week's diary already includes the close of the Saudi consultation on earnings calls on 29 October, which would require listed companies to hold a call within five business days of their results from the 2026 annual figures onwards, and rate decisions by the central banks of Uzbekistan on 28 October and Ukraine on 29 October.